GOLD ON 60M RANGE, FORMED A RECIPROCAL AB=CD BUY PATTERN THAT MARKS THE CONTINUATION OF THE PRIMARY UPTREND THAT ESTABLISHED EARLIER
THE CONCEPT OF A BULLISH RECIPORCAL AB=CD AS THE AB LEG IS THE FIRST CORRECTIVE MOVE WITHIN AN UPTREND AND THE CD LEG WILL AT LEAST TEST THE EQUIVALENT COMPLETION POINT , THE PRZ OF THE RECIPROCAL AB=CD IS NOT PRECISE AS REGULAR AB=CD , BUT THE RECIPROCAL RETRACEMENT IS THE DEFINING ELEMENT
IN A PRIOR STRUCTURE , LOOK AT THE AB LEG WAS THE FIRST CORRECTIVE MOVE THEN , GOLD RISES UP AS A 127% BC PROJECTION AT 1327 , THE CD LEG TYPICALLY THE RECIPROCAL RETRACEMENT=78.6% OF BC AND WILL PROJECTED AT 1311 AS A COMPLETION POINT
MAYBE GOLD ONLY FALL TO 1314 SO ANY ONE WANT TO GET INTO A TRADE , MY OPINION TO CONSERVATIVE INVESTOR : A BETTER TRADE ENTRY MAY BE SIGNALED WEN PRICE CLOSES ABOVE 1327 TO CONFIRM THE HEAD AND SHOULDERS BOTTOM AS A VALID CONTINUATION PATTERN, AND THE TARGET IS SET AT 1350$, IN ADDITION BREAKTHROUGH UPWARD 1327 MEANS THE UPTREND RESUMED
AGGRESSIVE TRADERS CAN MAKE ENTRY AT 1314 OR 1319 UP TO 1327 AS A SHORT TRADE AND RE ENTRY WEN PRICE COLSES ABOVE 1327 TO HIT 1350 AS A PRICE TARGET OR TAKE IT ONE SHOT TO PROJECTED TARGET AT 1350
IF U WANNA ENTRY AT THE LEVELS STATED ABOVE PLACE UR STOP LOSS A PENNY BELOW 1314 OR A PENNY BELOW 1307
